French carmaker PSA agreed to invest $320 million in Argentina with the aim of producing more cars to be sold on the local and international markets starting in 2019, the government said on Tuesday. Carlos Gomes, head of Latin America for PSA Peugeot Citroen , made the announcement to President Mauricio Macri during a meeting, the government said in a statement. The plant is already located in the suburbs of Buenos Aires and the investment will enable it to expand production.

European car sales fell 0.3 percent in October, with the region's three biggest automakers Volkswagen , PSA and Renault leading the decline, according to industry data published on Thursday. Registrations ...